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To employers,an advantage of incentive pay over salary increases is that it:
VMI System
Vendor Managed Inventory, a streamline strategy where the supplier assumes the responsibility of managing inventory levels for the customer.
VMI System
Vendor Managed Inventory (VMI) is a supply chain practice where the supplier manages the inventory of the customer, typically by having access to the customer's inventory data.
Replenishment Lead Times
The time interval between placing an order for a product and when it is received and ready for use or sale.
Coordination
The act of organizing and harmonizing activities, efforts, and resources among different parties or departments to achieve a common goal.
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